shopping centers: Reviving Shopping Centers - Rule 4
- 05/14/08 03:44 PM
So I suppose this is logical: Because major big-box tenants attract a lot of shopping traffic, landlords usually give them cheap rents and big build-out allowances. And small tenants have their rent rates burdened by their prorata part of those discounts. After all, without the big box traffic and marketing, most of the smaller shops in the center could not survive. However on the other side, if the small shops had a good representative negotiating their leases, they made sure that they could terminate their lease at anytime one of the big boxes closed up and left the center. There are two … (2 comments)
shopping centers: Reviving Shopping Centers - Rule 3
- 05/09/08 04:52 PM
There's been an expression around for a few years that dictates, "Think outside of the box." While it's overused, tired and annoying to hear these days, it still has a life. Here's a place where it does. Throughout America are weird outdoor strip centers and worn out malls that are begging for an enthusiastic second life. Most go unnoticed year after year. The remaining tenants weren't there on opening day. A tattoo parlor, a fake nail parlor, a dry cleaner's substation, a flea market, and one of the forms of "everything is a dollar." Some of them had important anchors like … (3 comments)
shopping centers: Dead Shopping Centers & Strip Malls Can Be Revived.
- 04/06/08 04:22 PM
Many investors and developers fell into developing various configurations of strip malls, beginning forty years ago. Rather than retain experts in retail center design, leasing and management, they assumed there were no particular tricks to any of it. Prospective tenants didn't know much better, so leasing went smoothly and that further validated for all involved in the development and leasing that they were right - there was no need for experts. Then the centers' retail sales began to fall, tenants moved out, sales failed further. Well cities are full of these failed centers. Some have a handful of marginal tenants; others have no … (11 comments)
shopping centers: LOOK AT DALLAS' NORTH PARK
- 05/26/07 11:56 AM
Meet me on the web at www.billcherrybroker.com When Raymond Nasher and his wife conceived the idea of the now famous Dallas enclosed mall, NorthPark, there were only three similar to it in the United States. And we're talking about the late 1950s. NorthPark opened in 1965. Mr. Nasher passed away a few weeks ago in his mid-80s. Within the next couple of days, I'm going to tell you the story of Mr. Nasher and his NorthPark. Prior to that, this would be the perfect time for Dallasites -- especially those who are commercial real estate brokers and investors -- to take a day and … (1 comments)
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So I suppose this is logical: Because major big-box tenants attract a lot of shopping traffic, landlords usually give them cheap rents and big build-out allowances. 
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